RECOTRANS: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
RECOTRANS
Largest movements
- Cash +€51,814
up €51,814 (+274.0%), from €18,910 to €70,725
mainly Net result for the year (+€53,299) and Depreciation (+€23,661)
- Tangible fixed assets -€23,661
down €23,661 (-6.0%), from €392,673 to €369,013
of which Land and buildings: -€15,352
- Receivables within one year -€14,845
down €14,845 (-26.2%), from €56,645 to €41,800
of which Trade receivables: -€9,865
- Reserves +€53,299
up €53,299 (+26.9%), from €198,094 to €251,392
of which Distributable reserves: +€53,299
- Debts after one year -€30,046
down €30,046 (-14.4%), from €208,634 to €178,588
- Trade debts -€9,516
down €9,516 (-90.1%), from €10,562 to €1,045
- Current portion of long-term debt -€7,945
down €7,945 (-20.9%), from €37,990 to €30,046
- Tax, wage and social debts +€7,701
up €7,701 (+169.9%), from €4,532 to €12,234
of which Taxes: +€8,201
- Depreciation -€30,536
down €30,536 (-56.3%), from €54,197 to €23,661
- Financial income -€16,704
down €16,704 (-98.8%), from €16,899 to €194
- Gross operating margin -€9,142
down €9,142 (-7.2%), from €127,659 to €118,517
- Taxes +€2,587
up €2,587 (+11.0%), from €23,606 to €26,193
- Financial charges -€2,308
down €2,308 (-24.0%), from €9,605 to €7,297
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €480,864 | €495,236 | +€14,372 | +3.0% |
| Fixed assets | 21/28 | €395,938 | €372,278 | -€23,661 | -6.0% |
| Tangible fixed assets | 22/27 | €392,673 | €369,013 | -€23,661 | -6.0% |
| Land and buildings | 22 | €373,042 | €357,690 | -€15,352 | -4.1% |
| Furniture and vehicles | 24 | €4,561 | €950 | -€3,612 | -79.2% |
| Leasing and similar rights | 25 | €15,070 | €10,373 | -€4,697 | -31.2% |
| Financial fixed assets | 28 | €3,265 | €3,265 | = | 0.0% |
| Current assets | 29/58 | €84,925 | €122,958 | +€38,033 | +44.8% |
| Stocks and contracts in progress | 3 | €2,000 | €2,000 | = | 0.0% |
| Stocks | 30/36 | €2,000 | €2,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €56,645 | €41,800 | -€14,845 | -26.2% |
| Trade receivables | 40 | €51,665 | €41,800 | -€9,865 | -19.1% |
| Other amounts receivable | 41 | €4,980 | €0 | -€4,980 | -100.0% |
| Cash at bank and in hand | 54/58 | €18,910 | €70,725 | +€51,814 | +274.0% |
| Deferred charges and accrued income | 490/1 | €7,370 | €8,434 | +€1,063 | +14.4% |
| Total equity and liabilities | 10/49 | €480,864 | €495,236 | +€14,372 | +3.0% |
| Equity | 10/15 | €218,094 | €271,392 | +€53,299 | +24.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €198,094 | €251,392 | +€53,299 | +26.9% |
| Tax-exempt reserves | 132 | €9,613 | €9,613 | = | 0.0% |
| Distributable reserves | 133 | €188,481 | €241,780 | +€53,299 | +28.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €262,770 | €223,844 | -€38,926 | -14.8% |
| Amounts payable after more than one year | 17 | €208,634 | €178,588 | -€30,046 | -14.4% |
| Financial debts | 170/4 | €208,634 | €178,588 | -€30,046 | -14.4% |
| Amounts payable within one year | 42/48 | €54,136 | €44,742 | -€9,395 | -17.4% |
| Current portion of amounts payable after more than one year | 42 | €37,990 | €30,046 | -€7,945 | -20.9% |
| Financial debts | 43 | €258 | €142 | -€116 | -44.8% |
| Credit institutions | 430/8 | €258 | €142 | -€116 | -44.8% |
| Trade debts | 44 | €10,562 | €1,045 | -€9,516 | -90.1% |
| Suppliers | 440/4 | €10,562 | €1,045 | -€9,516 | -90.1% |
| Taxes, remuneration and social security | 45 | €4,532 | €12,234 | +€7,701 | +169.9% |
| Taxes | 450/3 | €4,032 | €12,234 | +€8,201 | +203.4% |
| Remuneration and social security | 454/9 | €500 | €0 | -€500 | -100.0% |
| Other amounts payable | 47/48 | €794 | €1,275 | +€481 | +60.6% |
| Accrued charges and deferred income | 492/3 | - | €514 | +€514 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,197 | €23,661 | -€30,536 | -56.3% |
| Other operating charges | 640/8 | €9,569 | €8,262 | -€1,307 | -13.7% |
| Gross operating margin | 9900 | €127,659 | €118,517 | -€9,142 | -7.2% |
| Operating profit (loss) | 9901 | €63,893 | €86,594 | +€22,701 | +35.5% |
| Financial income | 75/76B | €16,899 | €194 | -€16,704 | -98.8% |
| Recurring financial income | 75 | €16,899 | €194 | -€16,704 | -98.8% |
| Financial charges | 65/66B | €9,605 | €7,297 | -€2,308 | -24.0% |
| Recurring financial charges | 65 | €9,605 | €7,297 | -€2,308 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | €71,187 | €79,491 | +€8,305 | +11.7% |
| Income taxes | 67/77 | €23,606 | €26,193 | +€2,587 | +11.0% |
| Profit (loss) for the period | 9904 | €47,581 | €53,299 | +€5,717 | +12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €47,581 | €53,299 | +€5,717 | +12.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.